Millions of American families have benefited from the 2003 tax cut on dividends and capital gains. These lower rates have been an unqualified success! Today, no American pays more than the top rate of 15 percent on such income. Recently, in fact, the Treasury Department noted that 24 milion American families saw their taxes drop this year by an average of $947 because of these lower rates. Government data indicates that two-thirds of those families receiving dividend income have incomes under $75,000 a year.

This tax cut has been especially important to senior citizens, many of whom heavily rely on dividends to supplement their other retirement income. This year, seven million of them saved an average of more than $1,200 thanks to these lower rates. The dividend tax cut has further helped investors by strengthening the markets, boosting individual savings, and improving corporate governance. Investors now have something tangible by which to measure a company's claims of profitability.

But there is a problem: these beneficial tax cuts are set to expire in 2008. In a recent survey, 80 percent of investors said they want Congress to act this year to make the dividend tax cuts permanent. Please join us in our effort to make sure Congress knows we want them to act now!

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